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You can use income from self-employment as a sole trader to meet the financial requirement and it will be based on the income received in the last full financial year prior to the application date (which you seem to be aware of already). You will also have to supply evidence of ongoing self-employment at the application date. You will have to provide all of the necessary supporting evidence outlined in Section 9.6 from page 64 of the guidance document linked below.paru.org wrote: ↑Sun Mar 15, 2020 10:24 pmHi
My wife was granted initial 2.5 yr visa which is expiring on 08/2020.
I am minicab driver, and she don't work, can i get it extended as sole trader or do i have to start a salaried job, last time i was on salaried job but not any more.
If i show my annual accounts of just last 1 year till 06.04.2020 earning £18,600 profit and pay tax on that, will that be enough?
Yes you can. You can combine the two sources of income, but only the amounts that fall within the period covered by the financial year for your self-employment.
Moreover, your part time job must be ongoing at the time of application and evidence will be needed for that.
https://assets.publishing.service.gov.u ... -ext_1.pdf9.6. Sole trader, partner or franchise – specified evidence
9.6.1. The evidence required to demonstrate income from self-employment is specified in
Appendix FM-SE:
7. In respect of self-employment in the UK as a partner, as a sole trader or in a
franchise, all of the following must be provided:
(a) Evidence of the amount of tax payable, paid and unpaid for the last full financial year.
(b) The following documents for the last full financial year, or for the last two such years
(where those documents show the necessary level of gross profit as an average of
those two years):
(i) Annual self-assessment tax return to HMRC (a copy or print-out);
(ii) Statement of Account (SA300 or SA302).
(c) Proof of registration with HMRC as self-employed if available.
(d) Each partner's Unique Tax Reference Number (UTR) and/or the UTR of the
partnership or business.
(e) Where the person holds or held a separate business bank account(s), bank
statements for the same 12-month period as the tax return(s).
(f) Personal bank statements for the same 12-month period as the tax return(s) showing
that the income from self-employment has been paid into an account in the name of
the person or in the name of the person and their partner jointly.
(g) Evidence of ongoing self-employment through the provision of at least one of the
following: a bank statement dated no more than three months earlier than the date of
application showing transactions relating to ongoing trading, or evidence dated no
more than three months earlier than the date of application of the renewal of a
licence to trade or of ongoing payment of business rates, business-related insurance
premiums, employer National Insurance contributions or franchise payments to the
parent company.
(h) One of the following documents must also be submitted:
(i) (aa) If the business is required to produce annual audited accounts, such accounts
for the last full financial year; or
(bb) If the business is not required to produce annual audited accounts, unaudited
accounts for the last full financial year and an accountant’s certificate of confirmation,
from an accountant who is a member of a UK Recognised Supervisory Body (as defined
in the Companies Act 2006) or who is a member of the Institute of Financial
Accountants;
(ii) A certificate of VAT registration and the VAT return for the last full financial year (a
copy or print-out) confirming the VAT registration number, if turnover is in excess of
£79,000 or was in excess of the threshold which applied during the last full financial
year;
(iii) Evidence to show appropriate planning permission or local planning authority
consent is held to operate the type/class of business at the trading address (where
this is a local authority requirement); or
(iv) A franchise agreement signed by both parties.
(i) The document referred to in paragraph 7(h)(iv) must be provided if the organisation is
a franchise.
Topics merged!!paru.org wrote: ↑Thu May 07, 2020 7:39 pmDear All,
My wife was granted initial 2.5 yr visa which is expiring on 08/2020.
I am with same employer from june 2017 , my most recent 6 payslips will satisfy the income requirement(till july 2020) but my last p60 tax year ending april 2020 didn’t had £18,600 on it rather £12,800.
My question is : do I need to send them P60 or just last 6 payslips enough?
Thanks
Based on what you wrote above, previous 6months pay slips will suffice.paru.org wrote: ↑Thu May 07, 2020 7:39 pmDear All,
My wife was granted initial 2.5 yr visa which is expiring on 08/2020.
I am with same employer from june 2017 , my most recent 6 payslips will satisfy the income requirement(till july 2020) but my last p60 tax year ending april 2020 didn’t had £18,600 on it rather £12,800.
My question is : do I need to send them P60 or just last 6 payslips enough?
Thanks
That is why I never recommended to attach p60. According to a member the checklist still ask it which in my opinion should only be supplied if the application is not moving forward but a covering letter shouldn't be forgotten to attach requesting to only focus on payslips.
Definitely she needs to have a valid passport. If she is not stateless how else will she tender evidence of her nationality?
Information you must provide
You’ll need to have information and some evidence ready when you make your application. Include information for you and any dependants applying at the same time.
You’ll need to provide:
all your names
your date of birth
your current passport or other valid travel ID
...
Did you have any short fall in income calculation thereby need to meet up with cash savings? If yes,